Deputy Finance Minister Advocates for Taxation of Online Businesses in Ghana

Deputy Finance Minister Advocates for Taxation of Online Businesses in Ghana
Dr. Alex Ampaabeng, PhD

Dr. Alex Ampaabeng, Deputy Finance Minister, is urging for the taxation of online trading companies to increase Ghana's revenue. He notes that both local and international online businesses generate significant income from Ghanaian users and should be included in the tax system.

In an interview, Dr. Ampaabeng highlighted the revenue potential of online businesses and content creators, questioning why local companies are taxed while global social media giants like YouTube and Facebook, which profit from advertisements in Ghana, remain tax-free.

He emphasized that social media platforms earn money from ads, and online trading companies like Jiji, Jumia, and Tonaton generate substantial income from their products and services, often having a more significant economic impact than physical marketplaces in Ghana.

Dr. Ampaabeng stressed the need to apply tax laws to revenues generated within Ghana's borders, ensuring a fair and level playing field for all businesses, both online and offline. This move aims to boost Ghana's revenue and promote economic growth.

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